Mallorca Stimulus Package

By: Jeremy | July 2nd, 2009

With new owner Mateo Alemany basically buying the club because he wants to sell it, its hardly an ideal situation in Palma now and unless a buyer is found soon, we will be the clear favorites to be relegated next year as assets are being sold quickly to raise funds that no one can seem to find. Maybe we need to call the socialist Barack Obama and get him to buy the club as he would not likely need much transition into learning how to run it as the club is currently in free fall with money taken from the sale of players only to disappear with no benefit. Right up his alley.

The latest sale is Mallorca native and longstanding stud goalie, Miguel Moya, to Valencia. What did we get, 6 million? I know, to pay debts. With Arango gone, Jurado returning to Atletico, and Aduriz to be sold to pay for the transfer fee from when we bought him because we couldnt pay for him after selling off even bigger assets during last summers 2008 binge and purge tour, things are not looking good even if we end up with a charismatic owner who cant run the club properly. I know this does not make sense but I know you understand it.

At some point, someone needs to be held accountable. We are a team that has played more then 10 years in a row in La Liga and are not a yo yo club. We have finished in the top half the table the past two years and participated in the UEFA Cup and Champions League this decade. Part of this success includes some relatively huge profits from the sale of players after they have developed under our watch including Eto’o and Guiza to name a few. So where is the money from the sale of these players? Someone please explain to me how a small club can sell players like they did last summer, reinvest a lot less in new players for the 08-09 season, which they cant pay for, and a year later, after a decent campaign, ends up smothered in debt.

I understand why no one would want to buy a soccer team if its fianances are in shambles or if it is simply not a viable business. But why is it this way? Who is running this team? So when does the sale of players clear all the debt? What do we need to do to keep from incurring more debt?

We sold our two biggest assets with little fanfare this week and the sale does not seem to eliminate debt worries. Just like the USAs stimulous package, throwing money at a problem while destroying assets only keeps the problem the same and eventually the assets are gone or worthless and the problem still exists.

We are in crisis here folks. At some point we will need an owner who not only knows how to run a business but who has the passion for it. Once Aduriz is sold, and assuming no money for new players, because if the club is not sold there will be no money, the club might as well go into administration. How can you piss away a consistent LaLiga reputation so easily.

The fan base has been pretty solid over the years so management should know what it has to work with. How we can survive and occasionally thrive in LaLiga for the past ten years and the past two years, we have now suffered serious economic problems despite having valuable assets sold in consecutive summers?

We need to do something and something soon. This selling assets stimulous package does not work.